RUSNANO

RUSNANO is a principal investment firm based in Moscow, Russia, focused on the commercialization of high-tech projects and nanotechnology investments. Established in 2007, RUSNANO aims to develop the Russian nanotechnology industry through direct investments in private equity and venture capital, as well as fund investments. The firm prioritizes projects in sectors such as scientific research, new materials, biotechnology, energy, and robotics, with a particular interest in initiatives that will establish or modernize manufacturing facilities within Russia. RUSNANO seeks to invest in projects projected to generate significant revenue within five years and often co-invests alongside other partners. It operates through various modes of investment, including equity stakes, loans, and credit guarantees. Additionally, RUSNANO has a subsidiary, RUSNANO USA, Inc., which focuses on middle and late-stage companies in North America that support global technology development in fields such as semiconductors and advanced materials.

Anatoly Chubais

CEO and Founder

Olga Sadovskaya

Investment Director

Past deals in CIS

Motorica

Seed Round in 2015
Motorica is a company dedicated to the research and development of advanced technologies in medicine and robotics, specializing in the production of functional upper limb prostheses. The prosthetic devices are designed to assist individuals with disabilities in performing hand movements, enhancing their daily lives. Motorica employs innovative technology that reads electrical signals generated by muscle contractions, which are then processed by a microprocessor to facilitate movement in the prosthesis. The company collaborates with both individual users and public and private prosthetic enterprises, and is a resident of the Skolkovo Innovation Center. Additionally, Motorica engages with various international companies and associations in the prosthetics field to further its mission of improving mobility for disabled individuals.

Kuibyshevazot

Venture Round in 2015
KuibyshevAzot is a prominent Russian chemical company that specializes in the production of caprolactam and polyamide-6, serving markets in the CIS and Eastern Europe. As one of the top ten nitrogen producers in Russia, it manufactures ammonia and a variety of nitrogen fertilizers, including urea, ammonium nitrate, and ammonium sulfate, contributing to 5% of the country's total fertilizer output. The company operates primarily through two segments: Caprolactam and Derivatives, and Ammonia and Nitrogen Fertilizers. In addition to its core products, KuibyshevAzot also produces technological gases that cater to its main operational areas and serve as independent commodities. Its business activities extend across Russia, Asia, Europe, and other international markets.

Pharmsynthez

Venture Round in 2013
Pharmsynthez is a Russian pharmaceutical company focused on the development, production, and distribution of innovative medications. It operates in three main areas: laboratory research and development of new drugs, preparation of original active pharmaceutical ingredients (APIs), and market launch of its products. This comprehensive approach, which includes both the creation of unique medications and the manufacturing of pharmaceutical ingredients, distinguishes Pharmsynthez from many other Russian pharmaceutical firms. The company is dedicated to advancing technologies for organ-specific drug delivery and employs innovative manufacturing methods to enhance its offerings in the pharmaceutical sector.

DSK Grad

Venture Round in 2013
DSK Grad LLC is a high-tech design and manufacturing company based in Naro-Fominsk, Russia, specializing in prefabricated units for residential construction. Founded in 2014, it stands out as the first national-scale manufacturer in this sector to emerge in the last 30 years, positioning itself uniquely within the Russian construction industry. DSK Grad leverages advanced international technologies and innovative developments from RUSNANO, utilizing materials such as paints, fillers, and concrete additives sourced from various industry partners. The company's focus is on demonstrating that the integration of modern technologies in construction can enhance product quality while simultaneously lowering costs, achieved through efficiencies in transportation and reduced maintenance of prefabricated buildings. DSK Grad aims to set new industry standards by offering solutions that meet the demands of complex construction projects through the use of composite materials and nanotechnology.

SBT

Venture Round in 2013
SBT Management is a prominent Russian company specializing in the design and manufacture of wireless communication systems. It focuses on developing hardware and applications that utilize advanced 90/40-nanometer processors. SBT employs state-of-the-art measurement, laboratory, testing, and manufacturing equipment sourced from leading international suppliers. The company not only creates its own wireless systems but also provides custom development services for manufacturing firms, research institutions, design organizations, and telecom network integrators. SBT's product offerings include a range of wireless solutions tailored for various applications, such as transport systems, terminals, processors, chips, and aerial equipment, enabling efficient voice and data transmission for its clients.

AQUANOVA

Venture Round in 2012
AQUANOVA is a Russian industrial manufacturer specializing in the production of NovaSOL® solubilizates, which are nanoparticle-based additives. Utilizing advanced technology from Germany, AQUANOVA encapsulates active organic substances within micelles approximately 30 nanometers in diameter. This innovative approach enhances the effectiveness of natural components while optimizing economic performance by significantly reducing the quantity of costly natural substances required in final products, such as food ingredients, by three to five times without compromising functionality. The company's product range includes complex additives for the food industry and active substances for the cosmetic and pharmaceutical sectors, which incorporate antioxidants, vitamin complexes, preservatives, nutrients, natural dyes, and oils. AQUANOVA operates a fully automated and high-tech production facility to ensure the quality and consistency of its offerings.

ICM Glass Kaluga

Venture Round in 2011
ICM Glass Kaluga is a manufacturing enterprise specializing in the production of foam glass crushed stone, a novel material in Russia. Utilizing nanotechnology to process unsorted cullet, the company creates foam glass with distinctive properties such as wide temperature application range, water and vapor impermeability, non-flammability, size stability, high strength, resistance to aggressive media, rodents, and insects. These unique features make foam glass an ideal universal particulate for thermal insulation in construction and industrial engineering projects.

Novomet

Venture Round in 2011
Novomet is a manufacturer of advanced artificial lift equipment and electrical submersible pumping systems tailored for the oilfield services and energy industries. The company specializes in high-capacity oil production equipment, incorporating innovative nanostructured protective coatings to enhance durability and efficiency. Novomet's submersible pumps are recognized for their reliability and energy efficiency, particularly in challenging oil production environments. With a significant market share of 25% in Russia and 3% internationally, the company focuses on creating equipment suited for complex operational conditions. In addition to manufacturing, Novomet is developing a global service network that provides comprehensive maintenance services for electric centrifugal pumps, including the selection of optimal units for specific wells, reservoir pressure maintenance systems, and water injection systems. This holistic approach aims to address the challenges of declining oil recovery and improve operational efficiency for its clients.

Galen

Venture Round in 2011
Galen" is a domestic manufacturer of modern composite materials for industrial civil engineering, electric power industry and the road industry. As a developer and pioneer in the implementation of basalt plastic technologies in Russia, Western and Eastern Europe, today Galen is the leader of the domestic market in basalt plastic construction materials. The company occupies more than 50% of the composite communications market in Russia and the CIS. The plant is a successful manufacturer of flexible connections, facade dowels, fittings and mesh. Products made of composite material - basalt plastic, developed and patented by Galen, are know-how. The use of these high-strength corrosion-resistant products instead of metal analogs allows improving the quality of the facilities under construction and at the same time reducing the cost of construction. The plant’s products have been praised abroad, more than 20% of the products are shipped to foreign countries, and thousands of “passive” houses have been built in the UK using flexible Galen links.

Fiber Optic Systems

Venture Round in 2011
Optic Fiber Systems is a Russian company specializing in the production of optical fiber for communication cables, primarily serving the telecommunications sector. Established in 2015 in Saransk, the capital of Mordovia, the company commenced commercial production in late 2016. It focuses on creating single-mode optical fibers made from glass that is alloyed with germanium and encased in a thicker layer of pure glass, ensuring reliable and durable data transfer. By March 2018, Optic Fiber Systems had achieved a significant milestone, producing 2,000 kilometers of optical fiber, thereby positioning itself as a key player in the fiber optics industry in Russia.

Nearmedic

Venture Round in 2011
Nearmedic is a pharmaceutical company focused on the production and development of antiviral medications, particularly emphasizing its flagship product, Kagocel. This antiviral drug, available over the counter, leverages a unique formulation that combines a plant-based molecule with a nanosized polymer carrier, enhancing its pharmacological activity while minimizing toxicity. Nearmedic is in the process of establishing a new GMP-compliant manufacturing facility, which will allow it to transition away from rented production spaces and significantly increase its manufacturing capabilities. This expansion aims to strengthen its market position in Russia and the CIS. In addition to Kagocel, Nearmedic is involved in the full-cycle production of nanomedicines, as well as the development of diagnostic kits and laboratory equipment, contributing to advancements in patient health and treatment options for various viral infections, including flu and herpes.

NEVZ-CERAMICS

Venture Round in 2011
Close Joint-Stock Company NEVZ-CERAMICS specializes in the development and production of nanostructured ceramics for various industries, including power, radio electronics, machine engineering, and petrochemicals. The company offers a range of products, such as ceramic substrates, metalized alumina oxide and alumina nitride ceramics, insulators, and bioceramics tailored for medical applications like endoprostheses and implants. NEVZ-CERAMICS aims to expand the applications of ceramics, particularly in the medical field, through the creation of biocompatible nanoceramics for traumatology and orthopedics. The company is equipped with advanced production facilities, research laboratories, and transportation infrastructure to support its operations. Founded in 2011 and based in Novosibirsk, Russian Federation, NEVZ-CERAMICS serves a diverse clientele across several sectors, including atomic power and chemical industries.

Monocrystal

Venture Round in 2011
Monocrystal, Inc. is a leading manufacturer of synthetic monocrystalline sapphire and composite materials, primarily serving the electronics and optical device industries. Founded in 1999 and based in Stavropol, Russian Federation, the company produces a variety of products including sapphire wafers for light-emitting diodes, radiofrequency switches, and high-precision optical components. Monocrystal is recognized for its significant market share, supplying 50% of the world's sapphires used in LEDs and exporting 95% of its products to 25 countries. Its offerings also include metallization pastes for solar cells, automotive pastes, LED phosphors, and polishing slurries. The company has established itself as a key supplier for major global manufacturers, with a strong reputation for quality and innovation in sapphire growing and processing technologies. Monocrystal operates as a subsidiary of Concern Energomera JSC.

Nanolek

Venture Round in 2011
Nanolek is a Russian biopharmaceutical company dedicated to the development and production of high-quality medicines and vaccines under stringent GMP standards. The company focuses on import-substituting drugs, aiming to meet the needs of the Russian healthcare market. Its portfolio includes vaccines and treatments for socially significant diseases such as whooping cough, diphtheria, tetanus, poliomyelitis, and infections caused by Haemophilus influenzae type b. Additionally, Nanolek is involved in the localization of drugs from global pharmaceutical companies, thereby contributing to the availability of essential healthcare solutions in Russia.

E-Paper Innovation

Venture Round in 2011
Plastic Logic Ltd is a manufacturer of plastic electronics, specializing in the development and production of flexible displays and devices. The company, based in Cambridge, United Kingdom, and with operations in Dresden, Germany, offers a range of high-quality, lightweight, and shatterproof electrophoretic displays in both color and monochrome. These displays are utilized in various applications, including mobile devices such as smartphones, e-readers, and tablets, as well as in signage, wristwatches, and automotive products. Plastic Logic serves original equipment manufacturers (OEMs), system integrators, and device manufacturers across the UK, Germany, Russia, and other international markets. The company has established a strategic partnership with UST Global Inc. and operates a pioneering facility that serves as the world's first commercial, volume production site for organic electronics. Through its open pilot line, Plastic Logic also collaborates with third-party companies, sharing its expertise in the industrialization and manufacturing of flexible electronics.

E-Paper Innovation

Debt Financing in 2011
Plastic Logic Ltd is a manufacturer of plastic electronics, specializing in the development and production of flexible displays and devices. The company, based in Cambridge, United Kingdom, and with operations in Dresden, Germany, offers a range of high-quality, lightweight, and shatterproof electrophoretic displays in both color and monochrome. These displays are utilized in various applications, including mobile devices such as smartphones, e-readers, and tablets, as well as in signage, wristwatches, and automotive products. Plastic Logic serves original equipment manufacturers (OEMs), system integrators, and device manufacturers across the UK, Germany, Russia, and other international markets. The company has established a strategic partnership with UST Global Inc. and operates a pioneering facility that serves as the world's first commercial, volume production site for organic electronics. Through its open pilot line, Plastic Logic also collaborates with third-party companies, sharing its expertise in the industrialization and manufacturing of flexible electronics.

RUSALOX

Venture Round in 2010
RUSALOX is a high-tech company based in Moscow, Russia, specializing in the development and manufacture of circuit plates and substrates that feature high thermal conductivity. Founded in 2010, the company utilizes a unique aluminum oxide technology to produce multilayer and single-layer plates, as well as heat-conducting substrates. These products are designed to efficiently dissipate heat from heat-generating electronic components, making them suitable for various applications, including Chip-On-Board and flip chip technologies, microwave electronics, and advanced packaging systems. RUSALOX's substrates combine the thermal performance of traditional ceramic materials with the mechanical properties of insulated metal substrates, offering a competitive alternative in the market. The company has also patented a heat-radiating substrate that incorporates an insulating layer on a metal core, enhancing heat dissipation while allowing for high-density integration of electronic components.

Neutron Technologies

Venture Round in 2010
Neutron Technologies commercialize pioneering work by the Joint Institute for Nuclear Research and Explosives and Narcotics Detectors, both of Dubna, Russia, in the use of labeled neutrons for identifying explosives and narcotics. Several leading research centers and governmental agencies—the All-Russia Research Institute of Automatics, the Bochvar All-Russian Scientific Research Institute for Inorganic Materials, the Federal Security Service of the Russian Federation, and others—contributed to product development and will continue to play a role as need for new products evolves.

RMT

Venture Round in 2010
RMT Ltd. is a manufacturer based in Moscow, Russia, specializing in the development, production, and sale of thermoelectric cooling (TEC) modules and devices primarily for optoelectronic applications. Founded in 1993, the company offers an extensive range of over 2,000 miniature thermoelectric coolers designed for various sectors, including telecommunications, industrial, medical, and aerospace. RMT's products are recognized for their compliance with RoHS standards and Telcordia GR-468 qualifications, and the company holds ISO 9001 certification. RMT is the only Russian firm certified by the Russian State Space Agency to provide TEC solutions for state-space applications. Additionally, the company offers TECcad software to help users identify optimal cooling solutions and evaluate operational parameters. With a commitment to high-quality products and superior customer service, RMT also has sales operations in China and a subsidiary in Berlin, Germany.

Liotech

Venture Round in 2010
Liotech is a manufacturer of advanced lithium-ion batteries aimed at enhancing energy efficiency and supporting the electric power industry and transportation in Russia. The company operates a large-scale production facility that produces batteries for urban electric transport, including trolleybuses, specifically collaborating with the Trolza Trolleybus Plant. In addition to transportation applications, Liotech supplies battery solutions for the energy market, contributing to projects such as hybrid electric power plants. Notably, their accumulator cells were utilized in a 300 kWh energy storage system at a plant developed by Hevel Company in the Zabaikalye Territory, with plans for further installations in the region. Liotech's products are designed to conserve natural resources and improve quality of life through innovative energy solutions.

E-Paper Innovation

Venture Round in 2010
Plastic Logic Ltd is a manufacturer of plastic electronics, specializing in the development and production of flexible displays and devices. The company, based in Cambridge, United Kingdom, and with operations in Dresden, Germany, offers a range of high-quality, lightweight, and shatterproof electrophoretic displays in both color and monochrome. These displays are utilized in various applications, including mobile devices such as smartphones, e-readers, and tablets, as well as in signage, wristwatches, and automotive products. Plastic Logic serves original equipment manufacturers (OEMs), system integrators, and device manufacturers across the UK, Germany, Russia, and other international markets. The company has established a strategic partnership with UST Global Inc. and operates a pioneering facility that serves as the world's first commercial, volume production site for organic electronics. Through its open pilot line, Plastic Logic also collaborates with third-party companies, sharing its expertise in the industrialization and manufacturing of flexible electronics.

IRE-Polus

Venture Round in 2010
IRE-Polus is a manufacturer of fiber laser and telecommunication equipment. It begins more than two decades ago with Russian company IRE-Polus. Its story of creating a scientific and manufacturing corporation of global magnitude is unique in the history of Russian high technology. Established by Russian physicist and fiber laser pioneer Valentin Gapontsev, IPG Photonics has become over the past six years the world leader in fiber lasers, related instruments, and systems derived from the lasers. The corporation holds 75 percent of the global fiber laser market. Its shares are traded on the NASDAQ. And Russia’s IRE-Polus, the starting point for these advances, will soon become one of three manufacturing locations for the US-based company and project initiator; the others are in Germany and the United States.

New Technologies of Construction

Venture Round in 2010
New Technologies of Construction” (NTC LLC) is an active industrial manufacturer of the innovative material—the UNIREM paving asphalt modifier. The manufacture of the UNIREM composite material is based on active rubber powder and makes use of the Russian technology made by the Semenov Institute of Chemical Physics of the Russian Academy of Sciences: high temperature shear grinding of polymeric materials and high-dispersity materials with elements of micro and nanostructures produced on the basis of this technology. The use of the UNIREM modifier in the construction/reconstruction/repair of road facilities allows for up to a twofold reduction in grooves on the road surface, a reduction in the formation of thermal cracks and coating defects, a reduction in the formation of fatigue cracks, and an increase in the period between repair work on the asphalt concrete pavement by 20-25%. Effective use of the UNIREM modifier has been verified on more than 20 million sq m of road surface laid on various public road facilities including federal highways with high traffic flow. NTC’ products have been applied in 28 regions of the Russian Federation. The effectiveness of the use of the UNIREM modifier has been proven by the results of 10-year monitoring studies of public road facilities. The most recent monitoring studies were conducted by an independent laboratory at the end of 2017.

Membranium

Venture Round in 2010
Membranium is a Russian company specializing in the production of nanostructured membrane flat-sheets and elements designed for advanced filtration processes, including reverse osmosis, nanofiltration, and ultrafiltration. The company focuses on enhancing the efficiency of pure water production through innovative membrane technologies. Its products feature specialized pores that facilitate the delivery of healthy and safe drinking water while minimizing the costs associated with obtaining ultraclean, salt-free water free from harmful microbes. With a commitment to advancing national membrane science and technology, Membranium aims to establish itself as a leader in the global membrane manufacturing industry.

MetaClay

Venture Round in 2010
MetaClay specializes in the production of advanced modified layered nanosilicates, masterbatches, and polymer nanocomposites for industrial applications. The company's technology is based on innovative research from prominent Russian scientific institutions, including the A. V. Topchiev Institute of Petrochemical Synthesis and Lomonosov Moscow State University. MetaClay's products enhance the longevity and durability of metal pipes, extending their service life up to 60-80 years, and are effective in extreme temperature conditions ranging from -60ºC to +80ºC. Additionally, these materials reduce gas permeability and protect against damage from solar radiation. The effectiveness of MetaClay's coatings for large-diameter pipes has been validated by Gazprom VNIIGAZ, and they are utilized in the production of pipes for major projects like the Power of Siberia Gas Pipeline. The company aims to secure certification for its nano-coated pipes in projects by Transneft and Rosneft. With a focus on technological advantages and cost efficiency, MetaClay is positioned to compete effectively with foreign manufacturers in the Russian market, particularly in offering more economical alternatives to traditional three-layer insulation.

Mikron

Venture Round in 2010
Mikron is the largest manufacturer and exporter of microelectronics in Russia, recognized as a technological leader in the country's semiconductor industry. The company specializes in producing over 700 types of products, including integrated circuits for secured data carriers, identification, payment, and transport documents, as well as power management solutions and RFID marking. These semiconductors are integral to various sectors of the digital economy, providing essential components for microprocessors used in smart cards, ID documents, and RFID tags. Mikron's focus on microelectronics enables its clients to access high-quality microchips at competitive prices, supporting advancements in technology and digital applications.

NTpharma

Venture Round in 2009
NTpharma provides GMP production of nanovaccines and biopharmaceuticals containing carbohydrate binders. The project provides for building a facility for production of vaccines and pharmaceuticals in the municipal area of Pereslavl’-Zalessky, 150 kilometers (85 miles) northeast of Moscow. The project aims at production of new generation vaccines, including a polyvalent human flu vaccine, and pharmaceuticals for detoxification in oncological therapy and for treatment of amyotrophic lateral sclerosis (ALS/Lou Gehrig’s disease). NTpharma’s technology allows to reduce by half the time required for culturing and production of the vaccine. This advantage is vital when dealing with vaccines for pandemic flu strains spreading rapidly all over the world.

Bebig

Venture Round in 2009
Bebig is a Moscow-based company established in 2004 that specializes in the development and production of treatment methods for oncological diseases, particularly through brachytherapy. This advanced form of radiotherapy involves placing a radiation source directly within or near a tumor, allowing for targeted treatment while minimizing exposure to surrounding healthy tissues. Bebig focuses on creating microsources, which are titanium capsules containing gold wire and iodine-125, as well as nanostructured microspheres that incorporate radioactive isotopes. These innovations aim to enhance treatment options for prostate, liver, and pancreatic cancers, which are prevalent in Russia, where over 2.5 million individuals are diagnosed with cancer. By establishing domestic production of these medical technologies, Bebig addresses a critical need for effective cancer treatment in the region.

OptoGaN

Venture Round in 2008
OptoGaN Oy is a company based in Espoo, Finland, specializing in the development and production of high brightness light emitting diodes (LEDs) for solid state lighting applications worldwide. Established in 2004, OptoGaN focuses on various sectors, including indoor and outdoor lighting, automotive lighting, and white LED lamps. The company's flagship product is the OptoGaN f-Power I, a blue-color InGaN LED chip designed for diverse uses. OptoGaN operates a pilot manufacturing line in Dortmund, Germany, and has research and development operations in Helsinki. Additionally, the company has production facilities in Landshut, Germany, and St. Petersburg, Russia, supporting its growth and technological advancements in the global LED market.
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